247 Colchester Dr

Eastlake, Oakville, L6J 5S6
FOR SALE
$3,749,000
247 Colchester Dr, Oakville
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4 + 1
BEDROOMS
5
BATHROOMS
1
KITCHENS
17
ROOMS
W9299742
MLSID
Contact Us
Property Description
Stunning executive home in in the heart of Southeast Oakville situated on a premium pie shaped lot. This 5 beds 5 bath home boasts over 5400 square ft of living space, with a functional and modern floorplan. Enjoy an open concept main floor with plentiful natural light through an abundance of windows and skylights in the family and dining room. Enjoy picturesque views of the beautifully landscaped backyard with inground pool from the chefs kitchen which leads into an oversized dining room with custom built ins. Enter the bright second floor with hallway skylights featuring 4 spacious bedrooms, 3 washrooms and an upstairs laundry complete with a master bedroom retreat with his/her closets and 11 ft ceilings complete with a gas fireplace. The spacious basement features built-ins, wet bar and a bedroom along with a games and recreation room along with a full washroom. Enjoy close proximity to Lake Ontario and Gairloch gardens. Walking distance to top rated schools from this quiet and treelined street. A home not to miss!
Property Features
Park, Place Of Worship, Public Transit, Rec Centre, School, School Bus Route
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
96' x 139'
Lot Irregularities
160.14ft x 95.74ft x 139.22ft x 113.74ft
Fronting
East
Taxes
$16,129 (2023)
Basement
Finished
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
8
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
OfficeMain8.99' x 12.76'
LivingMain14.34' x 25.33'
DiningMain12.66' x 18.08'
KitchenMain9.32' x 18.08'
FamilyMain18.18' x 19.75'
Prim Bdrm2nd12.83' x 25.66'
Br2nd10.33' x 16.01'
Br2nd12.17' x 14.24'
Br2nd17.49' x 19.49'
RecLower17.26' x 24.74'
BrLower9.51' x 11.25'
Oakville Market Statistics
Oakville Price Trend
247 Colchester Dr is a 4-bedroom 5-bathroom home listed for sale at $3,749,000, which is $1,942,238 (107.5%) higher than the average sold price of $1,806,762 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 4 bedroom home in Oakville declined by $93,630 (4.9%) compared to the previous 30 day period (July 17 - August 15) and down $231,133 (11.3%) from the same time one year ago.
Inventory Change
There were 160 4-bedroom homes listed in Oakville over the last 30 days (August 16 - September 14), which is up 39.1% compared with the previous 30 day period (July 17 - August 15) and up 6.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Oakville typically sold ($54,166) (3.0%) below asking price over the last 30 days (August 16 - September 14), which represents a $118 decrease compared to the previous 30 day period (July 17 - August 15) and ($48,824) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Oakville over the last 30 days (August 16 - September 14) stood at 41.9%, down from 60.9% over the previous 30 days (July 17 - August 15) and up from 41.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Oakville stood at 23 days when successfully sold over the last 30 days (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Escarpment Realty Inc.,
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